CIC company limited by guarantee - option 3

£233.89
The Third CIC Company Limited by Guarantee Formation Option Overview

Quick CIC company limited by guarantee formations

This option of the CIC company limited by guarantee formation is the fastest process with statutory required documentation to get your community interest business started, and business bank account with Barclays, RBS or Lloyds.

This package is ideal for the sole director company, who can verify official company documents by a single signature and a company stamp, & who wants the main incorporation offer with all documents send by post.

Documents

The following items will be posted free of charge by Royal Mail first class to your door upon the formation of your CIC company limited by guarantee: -

1. A laminated certificate of incorporation printed on a special class of the ivory paper;
2. One set of the memorandum and articles of association with a company's registers printed & top-notch bound;
3. A hard bound copy of the of the first meeting of the board of directors;
4. Two membership' certificates printed on the special layout security design paper;
5. A certificate of the beneficial owner;
6. The rubber stamp of your company.

About the fast-track business bank account

The business banking account is the subject to satisfactory status and identification checks by the Bank. You will be a subject to the usual credit & identity checks by the Bank.

Where you request a bank account through our business banking accounts' referral service, you confirmed that you agree that your personal details will be submitted on your behalf to the Bank & to being contacted directly by a Bank' officer for the purposes of fulfilling opening a business bank account request.

The business bank' accounts are opened & provided by the Bank and are subject of the Terms and Conditions as set forth by the Bank at the time of account opening. Should you be unable to open a business banking account, we will not charge you an additional fee.

About the CIC company incorporation procedure

We will incorporate your own CIC company limited by guarantee from scratch using your own registered office address, and appoint your own candidates to the roles of a company' director, secretary (not always needed, but it is still recommended), member, beneficiary and the person with significant control. Upon business entity' creation, these details will be recorded as the original details of your private company limited by guarantee.

Our business consultants have broad and deep business experience with companies registration requirements, and incorporation procedures, we can offer a free initial consultation either by e-mail or via the phone; personal consultations at our main office location in London, which is situated in 120 Baker Street; & will be charged at our standard hourly rates set at the minimum of one hour. We endeavour to respond to your e-mails within 24 hours.

If you require any basic or general information regarding our online order forms, incorporation procedures, fees or legal requirements, you can address your enquiry over the phone: +44 (0) 207 935 5171 or 0330 808 0089.

If you would like a personal face-to-face consultation & dedicated help with your limited company obligations, responsibilities of a company itself & legal requirements, tax advice, business or tax planning services, do not hesitate to call us: +44 (0) 207 935 5171, or 0330 808 0089 & ask for an appointment at our office in London.

When your company will be ready

The formation of a CIC company limited by guarantee usually takes as little as two to six days from the time that your application & payment are received by Coddan.

Companies registration can sometimes takes slightly longer. Although the majority of CIC companies are incorporating within a maximum of 8 days, there may be occasions where the process takes longer due to circumstances beyond our control.

Choose a Company Name

First choice: *

Second choice:

Explanation:About the guaranteed same-day service

This service guarantees that your CIC company will be registered on the same day that your signed registration forms are received by the CIC Regulator.

In order for you to use this service, you must place your application form must not contain any errors or omissions, and base on the provided details we will prepare all necessary CIC company registration forms & send them to you for the further signing. As soon as we get the signed forms from you, we will post them to the CIC Regulator, with the check for the same day formation.

This service based on CIC Regulator's normal working hours. We cannot be responsible for delays caused due to the rejection of the application by Companies House for any reason whatsoever.

Guaranteed same-day company incorporation - £240.00

Free business bank account referral

Barclays Bank
Not required

Register your business entity with HM Revenue and Customs

Explanation:About the registration with the HRMC

When your limited company is formed and registered at Companies House, Companies House tells HMRC that this has happened. This applies whether you start your business as a limited company or change from a sole trader or partnership to a limited company. It also applies whether or not your company is active or has started trading.

HMRC sends a newly formed company an introductory pack within six weeks of being told by Companies House that the new company exists. This pack contains corporation tax forms and explanatory notes for new companies. The pack usually sent to your company's registered office, which may or may not be the same address that you trade from.

You should complete and send a completed form (new company details) to your corporation tax office as soon as possible. If your company is dormant, you should complete a dormant form instead.

It is important to complete these forms as HMRC uses the information you provide to work out your corporation tax paying and filing deadlines. They will send you a form to confirm these deadlines, unless you have told HMRC that your company is dormant.

If your new company has not yet started trading you need to tell HMRC as soon as possible if your company has been set up but is not yet trading or engaging in any business activity. In other words, your company is dormant.

Penalties for not telling HMRC your company is liable for corporation tax
If your company or organisation has corporation tax to pay but you do not receive a 'Notice to deliver a Company Tax Return' from HMRC, you still must tell HMRC it is liable for corporation tax. If you do not, your company or organisation may be charged a penalty. HMRC calls this a 'failure to notify' penalty.

Where the obligation to tell HMRC that your company or organisation is liable for corporation tax takes place on or after 1 April 2010, the penalty is based on the amount of tax that is unpaid or that your company or organisation is liable for. This called the 'potential lost revenue' or 'PLR'.

What we can offer you
1. To avoid any potential problems with the HRMC, we can offer you a straightforward registration of your company with the HRMC to confirm is your company is trading or not.
2. We can wait for an introductory pack from the HRMC, and then complete it & register with the HRMC for your behalf.
3. We can be appointed as your corporate tax-agent.
4. As soon as we will register your company with the HRMC we will be able to apply for an unique tax registration number for behalf of your company.

I want Coddan to register my company in accordance with data protection legislation - £79.00

Information in updated

The applicant details

Summary:About your contact details

Please enter your details in the fields below. All fields are required.

Please provide us with a physical street address: not a post office (PO) box address. If you plan to pay online by credit card, the address that you enter here must match the address associated with your credit card.

As the person making this application, we will contact you should we need to discuss your application or company. We will not communicate with the company officers, or any other parties, unless you specifically request us to do so.

Caution:About your e-mail address

E-mail is the primary means of communication between us, so be sure to enter your e-mail address correctly.

If you do not receive an e-mail from us shortly after you submit your order, please check that your e-mail account is appropriately configured to enable you to receive e-mails from us.

In particular, ensure that your spam filter is not mistakenly filtering our e-mails.

Your personal details

Title

First name *

Last name *

Date of Birth *

Nationality *

Occupation *

E-mail *

Your address

Address *

Town *

Postcode *

County

Country *

Phone *

Mobile *

Appoint your own candidates (officers)

Summary:About the minimum number of officers you need

A private company limited by shares in England or Wales must have at least one director, one shareholder, and may have a secretary.

You need at least one person to form this type of company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary.

A company must have at least one director who is a natural person. This requirement is met if a natural person as a corporation holds the office of director sole or otherwise by virtue of an office.

You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.

The directors and secretary of your company can also be shareholders.

The Companies Act imposes no restriction on the minimum age of company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship because the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.

Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, and citizenship, place of incorporation or all or any of those concepts). Nevertheless, this general proposition may be subject to any applicable foreign investment rules which may apply from time to time.

It is a criminal offence to appoint a non-existent, not permitted for use or fake details for the company' officers appointments.

First Candidate

Select the role(s) to which you want to appoint your first candidate:

Director
Secretary
Shareholder

Enter the number of shares to be held by this shareholder

The candidate is the same person as that entered in the applicant section
This candidate is another private individual

Title

Date of Birth *

Nationality *

Occupation *

First name *

Last name *

Address *

County or State

Country *

Town *

Postcode *

Phone *

Mobile *

E-mail *

This candidate is a corporate body (another company, partnership or trust)

Legal name

Governing law

Town

Postcode

Phone

Fax

Legal form

Registered No.

Address

County or State

Country

Mobile

Please enter details of an authorised company representative below:

Title

First name

Last name

Address

County or State

Country

Mobile

E-mail

Date of Birth

Nationality

Occupation

Town

Postcode

Phone

Fax

Industry

Second Candidate

Select the role(s) to which you want to appoint your second candidate, if there is any, or leave this part of the application blank:

Director
Secretary
Shareholder

Enter the number of shares to be held by this shareholder

This candidate is another private individual

Title

Date of Birth *

Nationality *

Occupation *

First name *

Last name *

Address *

County or State

Country *

Town *

Postcode *

Phone *

Mobile *

E-mail *

This candidate is a corporate body (another company, partnership or trust)

Legal name

Governing law

Town

Postcode

Phone

Fax

Legal form

Registered No.

Address

County or State

Country

Mobile

Please enter details of an authorised company representative below:

Title

First name

Last name

Address

County or State

Country

Mobile

E-mail

Date of Birth

Nationality

Occupation

Town

Postcode

Phone

Fax

Industry

Appointment of additional officers (if it's needed)

You can use this section to appoint up to three additional candidates as officers of your company. If you need to appoint more than five of your own candidates as officers of the company, please provide their full details in the additional comments and instructions section of this order form:

Third Candidate

Select the role(s) to which you want to appoint your third candidate:

Director
Secretary
Shareholder

Enter the number of shares to be held by this shareholder

This candidate is another private individual

Title

Date of Birth *

Nationality *

Occupation *

First name *

Last name *

Address *

County or State

Country *

Town *

Postcode *

Phone *

Mobile *

E-mail *

This candidate is a corporate body (another company, partnership or trust)

Legal name

Governing law

Town

Postcode

Phone

Fax

Legal form

Registered No.

Address

County or State

Country

Mobile

Please enter details of an authorised company representative below:

Title

First name

Last name

Address

County or State

Country

Mobile

E-mail

Date of Birth

Nationality

Occupation

Town

Postcode

Phone

Fax

Industry

Fourth Candidate

Select the role(s) to which you want to appoint your fourth candidate:

Director
Secretary
Shareholder

Enter the number of shares to be held by this shareholder

This candidate is another private individual

Title

Date of Birth *

Nationality *

Occupation *

First name *

Last name *

Address *

County or State

Country *

Town *

Postcode *

Phone *

Mobile *

E-mail *

This candidate is a corporate body (another company, partnership or trust)

Legal name

Governing law

Town

Postcode

Phone

Fax

Legal form

Registered No.

Address

County or State

Country

Mobile

Please enter details of an authorised company representative below:

Title

First name

Last name

Address

County or State

Country

Mobile

E-mail

Date of Birth

Nationality

Occupation

Town

Postcode

Phone

Fax

Industry

Fifth Candidate

Select the role(s) to which you want to appoint your fifth candidate:

Director
Secretary
Shareholder

Enter the number of shares to be held by this shareholder

This candidate is another private individual

Title

Date of Birth *

Nationality *

Occupation *

First name *

Last name *

Address *

County or State

Country *

Town *

Postcode *

Phone *

Mobile *

E-mail *

This candidate is a corporate body (another company, partnership or trust)

Legal name

Governing law

Town

Postcode

Phone

Fax

Legal form

Registered No.

Address

County or State

Country

Mobile

Please enter details of an authorised company representative below:

Title

First name

Last name

Address

County or State

Country

Mobile

E-mail

Date of Birth

Nationality

Occupation

Town

Postcode

Phone

Fax

Industry

The person with significant control (PSC)

Explanation:Meaning of the person with significant control (PSC)

From January 2016, all private companies are obliged to keep the register of persons with significant control. Since April 2016 information about the persons with significant control (PSC) need be registered at Companies House.

The information from each individual company's persons with significant control register will be given to Companies House at the same time as the confirmation statement. The confirmation statement is the successor to the annual return.

What will happen to the information given to Companies House? The idea is that the register is the public document. Therefore members of the public will be entitled to both view the persons with significant control register and search for information relating to individual companies. Every company's PSC information will be listed on the same central register and it will be free to view and search.

Who classes as a person with significant control? A person with significant control is anyone who either: -

Holds over 25% of the shares

Controls over 25% of the general meeting votes

Can control removal or appointment of the majority of a company's board

Exercises significant control or influence over a company or has the right to do so

Having the right to exercise, or actually exercising, significant influence or control over the activities of a trust or firm which is not a legal entity, but would itself satisfy any of the first four conditions if it were an individual.

Explanation:Can a nominee director or shareholder qualify as a PSC?

No. Nominee director and shareholder are generally appointed for record purposes only, and in most cases have little or no influence over the day-to-day running of the business. In this case the person who qualifies as a PSC will generally be the beneficiary or/and the person(s) who hold the general power of attorney.

Does it mean, that I need to register myself as the PSC even I ordered the nominee service?
Yes, we need to register you, or the third person, who controls the firm as the person with the significant control. Nominee director is receiving instructions from the real owner, nominee shareholder hold the company shares on behalf of the beneficiary owner, means, your nominees cannot be appeared as the person with the significant control, because they are not controlling the business at all.

The person with significant control is the applicant

The person with significant control is the company director

The person with significant control is the company shareholder

The person with significant control is another individual

Title

Date of Birth *

Nationality *

Occupation *

First name *

Last name *

Address *

County or State

Country *

Town *

Postcode *

Phone *

Mobile *

E-mail *

The Level of the Company Control

All companies must to submit details of the person with significant control (PSC), this can be anyone who influences the day to day running of the company.

Holding more than 25% of the shares

Holding more than 25% of the voting rights

Holding the right to appoint or remove a majority of directors

Having the right to exercise significant influence or control

Summary:About the certificate of the PSC

A certificate of person with significant control is a document used to confirm the identity of the person with significant control of a business entity. It also confirms the name of the firm, registered number, and registered office address.

A certificate of beneficial ownership is often used to prove that a particular individual is authorised to enact legally binding transactions on behalf of an entity.

Certificates of person with significant control are issued by the business formation agent. The person with significant control can produce the certificate as the evidence of his/her position within the firm to any interested party in any administrative or legal proceedings or official injury.

Your certificate will be printed in an elegant format, sealed and laminated. If you need to apply for such certificate, please pay for the delivery.

I require certificate of the PSC - £15.00

The beneficiary owner details

The beneficiary owner is the applicant
The beneficiary owner is another individual
The beneficiary owner is a corporate body (another company, partnership or trust)

Title

First name

Last name

Address

County or State

Country

Mobile

E-mail

Date of Birth

Nationality

Occupation

Town

Postcode

Phone

Fax

Industry

Legal name

Governing law

Town

Postcode

Phone

Fax

Legal form

Registered No.

Address

County or State

Country

Mobile

Please enter details of an authorised company representative below:

Title

First name

Last name

Address

County or State

Country

Mobile

E-mail

Date of Birth

Nationality

Occupation

Town

Postcode

Phone

Fax

Industry

The registered office address

I want to use the same registered address as that entered in the applicant section
I want to use the same registered address as that entered in the person with significant control section
I want to use the same registered address as that entered in the director section
I want to use the same registered address as that entered in the shareholder section
I want to use my own different registered office address

Address

County or State

Country

Mobile

Town

Postcode

Phone

Fax

The provision of the trading & inspection address

Explanation:About the service and inspection address

If your company is the active, the fee for the provision of the trading office address and the address for inspection of corporate documents is slightly higher.

Prestige and privacy for your business, protect your personal details.You can use our meeting room for the inspection of your tax and accountancy records by the HMRC officers at discounted rates.You can use our meeting room to have meetings with your clients and customers, we can place you company nameplate at the door of a meeting room (extra fees will apply to use our meeting rooms).You will have an access to a wide range of business support services.

This service is particularly useful for small businesses, such as those being run from home, who would like a separate, prestigious business address in London at Baker Street.

In the case if you only need to have a registered office address for public records, & you will keep your company' registers, accountancy and VAT records at your own permission in England or Wales, please provide us the details of the SAIL (single alternative inspection location) address.

Explanation:Disclosures relating to the registered office and inspection place

A limited company shall disclose: -

(a) The address of its registered office;
(b) Any inspection place; and
(c) The type of company' records which are kept at that office or place, to any person it deals with in the course of business who makes a written request to the company for that information.

The limited company shall send a written response to that person within five working days of the receipt of that request.

Where can you keep these records?
You may keep all or any of these records at the company's registered office. The company may choose an alternative location to make these records available for inspection.

The company can only have one alternative location to the registered office at any given time. That location must be in the same part of the UK as the registered office, e.g. a company registered in England and Wales can have an alternative inspection location in England and Wales only, but not in Scotland or Northern Ireland.

The company may choose to keep some records at its registered office and some at its alternative inspection location provided that all the records of a type are kept together.

Offence
Where a company fails, without reasonable excuse, to comply with any requirement in regulations, an offence is committed by: -
(a) The company; and
(b) Every member and officer of the company who is in default.

A person guilty of an offence is liable on summary conviction to: -
(a) A fine not exceeding level 3 on the standard scale; and
(b) For continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

For the purposes of this regulation a shadow director is to be treated as an officer of the company.

Requirement to display registered name at registered office and inspection place
3. (1) A company shall display its registered name at
(a) Its registered office; and
(b) Any inspection place.
(2) But paragraph (1) does not apply to any company which has at all times since its incorporation been dormant.

Requirement to display registered name at other business locations
4. (1) This regulation applies to a location other than a company's registered office or any inspection place.
(2) A company shall display its registered name at any such location at which it carries on business.

Manner of display of registered name
5. (1) This regulation applies where a company is required to display its registered name at any office, place or location.
(2) The registered name shall be so positioned that it may be easily seen by any visitor to that office, place, or location.

Registered name to appear in communications
6. (1) Every company shall disclose its registered name on: -
(a) Its business letters, notices and other official publications;
(b) Its bills of exchange, promissory notes, endorsements and order forms;
(c) Cheques purporting to be signed by or on behalf of the company;
(d) Orders for money, goods, or services purporting to be signed by or on behalf of the company;
(e) Its bills of parcels, invoices and other demands for payment, receipts and letters of credit;
(f) Its applications for licences to carry on a trade or activity; and
(g) All other forms of its business correspondence and documentation.
(2) Every company shall disclose its registered name on its websites.

Offence: -
10. (1) Where a company fails, without reasonable excuse, to comply with any requirement in regulations 2 to 9, an offence is committed by: -
(a) The company; and
(b) Every officer of the company who is in default.
(2) A person guilty of an offence under paragraph (1) is liable on summary conviction to: -
(a) A fine not exceeding level 3 on the standard scale; and
(b) For continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.
(3) For the purposes of this regulation a shadow director is to be treated as an officer of the company.

.

My company is dormant & I do not need to have a service or inspection address
I want to use the same SAIL address as be entered in the applicant section
I want to use the same SAIL address as be entered in the person with significant control section
I want to use my own single alternative inspection location in the UK

Address

County or State

Country

Mobile

Town

Postcode

Phone

Fax

I require Coddan to provide the trading & inspection address for my business - £150.00

Members contribution

Explanatory Note:About the members' contribution

This information is required by virtue of section 2(4) of the Companies Act which provides as follows: -

The memorandum of a company limited by guarantee must also state that each member undertakes to contribute to the assets of the company if it should be wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the company contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for adjustment of the rights of the contributories among themselves, such amount as may be required, not exceeding a specified amount.

The total commitment of the members, taken together, is known as the "guarantee fund"; this fund only comes into existence on a winding up. In practice, this form of vehicle is usually unsuitable for most businesses but is often used, for example, by charities.

There is no limit as to the amount which must be stipulated as the member's maximum contribution. It may, for example, be as little as £10.00 or as much as £1,000,000.

However given the nature of the activities of most companies limited by guarantee (e.g. not for profit concerns such as clubs, management companies for flats and associations of traders for trade protection or information exchange) it is likely to be a relatively small amount such as, say £10.00.

Summary:Standard membership contribution upon formation of your company

The standard membership contribution on formation is £10.00.

It cannot distribute its profits to its members, and is therefore eligible to apply for charitable status if necessary.

You should bear in mind that the amount which you stipulate as the maximum contribution by members in the event of a winding up cannot be increased after the company is incorporated.

Nota Bene:Non-standard membership contribution upon formation of your company

The company may be registered with membership contribution that is greater than the amount it needs as initial contribution.

When applying for the alternative membership contribution for your company, please make sure that the value per membership contribution is not less than £1.00.

If you desire to have value per membership contribution less then £1.00 (for example 10p or 1p) you will need to apply for the paper filing for your company at additional charge.